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Stock Market & Financial Investment News

News Breaks
January 8, 2013
05:55 EDTGRMN, GRMN, ATML, ATML, MXIM, MXIM, MU, MU, STX, STXCleveland Research to host investor meetings
Cleveland Investor Meetings at CES is being held in Las Vegas on January 8-9 starting with a dinner meeting with Garmin on January 8.
News For GRMN;ATML;MXIM;MU;STX From The Last 14 Days
Check below for free stories on GRMN;ATML;MXIM;MU;STX the last two weeks.
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April 17, 2014
12:53 EDTMUOn The Fly: Midday Wrap
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11:40 EDTMUMicron management to meet with JMP Securities
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11:36 EDTMUSanDisk soars after results top expectations, margin forecast raised
Shares of SanDisk (SNDK), a leader in flash storage solutions, are rallying after the company's first quarter results topped analysts' consensus estimates. The company also raised its fiscal 2014 adjusted gross margin outlook. WHAT'S NEW: Last night, SanDisk reported Q1 earnings per share of $1.44 and revenue of $1.51B, compared to expectations of $1.25 and $1.49B, respectively. Q1 gross profit as a percentage of revenue came in at 49.7% on a GAAP basis and 51.2% on a non-GAAP basis. The company forecast Q2 revenue of $1.55B-$1.63B, compared to consensus of $1.58B, and Q2 gross margins of 47%-49%. For FY14, the company expects revenue of $6.4B-6.8B, versus consensus of $6.66B. SanDisk raised its FY14 adjusted gross margin outlook to 47%-49% from 45%-48%. The company continues to expect overall healthy industry fundamentals in FY14. ANALYST REACTION: This morning, Jefferies and Credit Suisse raised their respective price targets on SanDisk. Jefferies raised its price target to $95 from $90, saying the company's strong Q1 results show the relevance of the NAND spot market has diminished. The firm expects a higher level of price stability to move shares of SanDisk and peer Micron (MU) higher. It reiterated a Buy rating on SanDisk. Credit Suisse raised its price target on SanDisk shares to $125 from $85 following the company's better than expected Q1 results and guidance. The firm kept an Outperform rating on the stock. PRICE ACTION: In late morning trading, SanDisk soared $7.56, or about 10%, to $83.40 on heavy trading volume. The stock is approaching its 52-week high of $85.37. Meanwhile, Micron shares are up 4% to $23.41.
09:00 EDTMUMicron rises 3.4%
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07:48 EDTMUSanDisk price target raised to $95 from $90 at Jefferies
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April 15, 2014
12:15 EDTMUStocks with call strike movement; MU NOK
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06:12 EDTMUMicron is expected to invest in Kingston Solutions, DigiTimes says
Micron (MU) plans to contribute equity investments into NAND device supplier Kingston Solutions, a joint venture between Toshiba (TOSBF) and Phison Electronics, reports DigiTimes. According to the sources, Kingston Solutions will be able to optimize NAND flash from Toshiba and mobile RAM from Micron following the investment. Reference Link
05:22 EDTMUMicron, Wave Systems collaborate to secure connected devices
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April 14, 2014
10:02 EDTSTXOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
07:32 EDTSTXSeagate upgraded to Buy from Hold at Argus
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April 11, 2014
12:44 EDTMUHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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12:42 EDTMU, MXIMOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
06:08 EDTMUMemory suppliers look to bundle NAND flash sales with DRAM chips, DigiTimes says
Some memory device suppliers may be pushing sales of NAND flash chips with DRAM chips in an effort to easy the oversupply of NAND flash products, reports DigiTimes. According to market sources, the prices of NAND chips have continued to decline this year due to the capacity ramps from major companies. Reference Link
April 10, 2014
16:23 EDTMXIMMaxim Integrated initiated with a Neutral at ISI Group
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16:10 EDTMUMicron initiated with a Strong Buy at ISI Group
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11:03 EDTMUOptions with decreasing implied volatility: MNKD QCOR MU KMX
10:31 EDTMUMicron to host analyst meeting
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08:18 EDTMUMicron licenses SerDes IP from Avago for Hybrid Memory Cube
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April 9, 2014
12:17 EDTMUMicron management to meet with Sterne Agee
Meetings to be held in the Mid-Atlantic area on April 15-16 hosted by Sterne Agee.
10:23 EDTMUOptions with decreasing implied volatility: MNKD QCOR MU KMX
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